- Wednesday, 07 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 08 February
Yesterday's session brought German Industrial Production figures were released. In December 2017, production in industry was down by 0.6% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In November 2017, the corrected figure shows an increase of 3.1% (primary +3.4%) from October 2017. In December 2017, production in industry excluding energy and construction was down by 0.7%.
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- Wednesday, 07 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 08 February
From the UK, yesterday, house prices figures were released. Annual house price rises have slowed from 2.7% in December to 2.2% in January - the lowest rate since July last year. We've seen a monthly decline as well as the quarterly rate of growthflattening out. Although employment levels grew by 102,000 in the three months to November, household finances are still under pressure as consumer prices continue to grow faster than wages. Additionally, it’s still too early to see any impact for first-time buyers from the abolition of stamp duty on purchases of up to £300,000, which was announced in the November Budget.
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- Wednesday, 07 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 08 February
There were no data releases from Australia yesterday. The Australian dollar posted an incredible rally of 8.5% against its US counterpart during early December and late January, fully reversing the September-December downtrend and setting a 2½-year high of $0.8135. However, that rally is now looking in trouble, with the pair declining 3.5% from its January 26 peak and technical indicators turning negative. But even before the uptrend came to a halt, the aussie/dollar’s performance had raised eyebrows among some market participants about the sustainability of such strong gains as many of the factors driving up the pair appeared temporary.
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- Tuesday, 06 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 07 February
From Eurozone, yesterday, German Factory Orders figures were released. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in December 2017 a seasonally and working-day adjusted 3.8% on the previous month. For November 2017, revision of the preliminary outcome resulted in a decrease of 0.1% compared with October 2017 (primary –0.4%). Price-adjusted new orders without major orders in manufacturing had increased in December 2017 a seasonally and working-day adjusted +0.8% on the previous month.
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